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China to see first stock delisting for share price below face value for 20 days

Last updated on October 30, 2018

The debt-ridden Chinese property developer Zhonghong Holdings is set to become the first company in China to be delisted from the country’s stock market for its shares remaining below face value for 20 straight trading days.

The Shenzhen Stock Exchange said in a statement late Thursday that the stocks of Zhonghong Holdings will be suspended from trading for the next 15 days during which the exchange will start the delisting process.

The stock tumbled by the daily limit . . .

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